Analyze financials, conduct due diligence, and understand financing options.

@Bryce MosierRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I can't begin to fathom the financial harm and carnage that will come when Pace's students finally have to sell their under water properties.

@Nathan Gesner is absolutely correct, as usual.Here’s the basic financial information you will need1.

I appreciate it and given the financials make sense, I'd of course love to do some on my own at first.

Navigating the zoning requirements, dealing with Maryland Historical Trust limitations on what can and can’t be done to the property, and the financial burden of renovating the property to meet these standards have left us trying to figure out the best strategy so the property doesn’t just sit unused.If we decide to sell, we anticipate pricing it at around $70-$80 per square foot, which is an incredible deal for a property of this nature.We’re reaching out to see if anyone here might know of potential buyers interested in this unique opportunity.

They will all have there own requirements, not only the financial aspects (terms and requirements of loans), but also on experience needed and whether yours qualifies.  

IE you have a trustworthy properly capitalized honest investor as the buyer and the seller also is of sound financial standing.any of these things get off kilter then its all bets off..

@Natalie JohnstoneRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

As a financial planner, I generally recommend clients build up a personal emergency reserve before investing.